- Wealth PMS
Vedanta Limited recently announced it has received intent from its promoter to delist the company. Put simply, the majority owner of the company has made an offer to buy the company back from all other shareholders. The floor price for delisting has been set at ₹ 87.50. What does this mean for existing VEDL minority shareholders? And is there an opportunity in buying VEDL shares given the impending delisting . . .